FMR LLC, the parent company of Fidelity Investments, the big mutual-fund and asset-management firm, this week spun off Akoya LLC, a tech company that recently launched an account-access protection network. Akoya is now co-owned by FMR, The Clearing House Payments Co., and 11 of TCH’s member banks, a development expected …

Thanks mainly to strong results in North America, leading non-bank ATM network owner Cardtronics plc saw fourth-quarter revenues rise, and in 2020 is seeking new growth from more partnerships with banks and fintechs and the deployment of deposit-taking ATMs. Houston-based Cardtronics now has nearly 1,000 deposit-taking and cash-accepting ATMs in …

A $57 million renovation at Clover Park in Port St. Lucie, Fla., the spring-training home of the New York Mets recently renamed from First Data Field, won’t be completed by Monday when pitchers and catchers report for preseason workouts, a local newspaper reported. St. Lucie County, which owns the stadium, now hopes …

Disbursements once were a staid business dominated by checks and ACH direct deposits. No more, thanks to the rise of the gig economy and new payout technology. When they’re owed something, 21st Century consumers aren’t satisfied with waiting to get a check, and waiting again for it to clear. They …

Visa Inc. and Mastercard Inc. have made it plain in recent years they’re interested in something much bigger than card payments. A few weeks ago, Visa underscored its own determination to be the network for the world’s payments economy by announcing it will lay out fully $5.3 billion to buy …

Visa Inc. is among backers of an $80-million investment in Currency Cloud Ltd., whose software runs cross-border payments for financial apps, primarily in Europe. The funding round, co-led by Visa and SAP’s venture-funding unit Sapphire, included backing from Google. The funding follows Visa’s $5.3-billion deal to acquire Plaid, whose software enables fintechs …

Business-to-consumer payouts are attracting a small but growing cadre of payment processors and fintechs eager to exploit a multi-trillion-dollar market where checks and automated clearing house direct deposits have a heavy presence, according to a new report. The report from Aite Group LLC analysts Talie Baker and Erika Baumann identifies …

Visa Inc. and Mastercard Inc. have made it plain in recent years they’re interested in something much bigger than card payments. On Monday afternoon, Visa underscored its own determination to be the network for the world’s payments economy by announcing it will lay out fully $5.3 billion to buy Plaid …

Loyalty apps are great, but they badly need a technology overhaul. By adding artificial intelligence, retailers can step up customer engagement and convert more sales. As brick-and-mortar retailers battle for foot traffic and sales, there is good news for them. Gen Z, the first truly digitally native generation, were strolling …

Foundational changes in payments — the emergence of fintechs, a mobile-first approach by consumers, and the digitization of payment methods — are altering vital relationships in the industry. Two thousand twenty may be the year that many of the underlying changes various payments players have made in the last few …